Top Stories Complimentary Hispanic Business subscription
Governments Step in as Finance Woes Spread in Europe
The fallout from the U.S. financial sector crisis made itself felt in Europe on Monday, with governmental bail-outs announced for key banks in Britain, the Benelux and Germany as well as a state takeover of a bank in Iceland.

Behind Crisis at AIG, a Fragile Web of Risks
Two weeks ago, the most powerful U.S. regulators and bankers huddled in the Lower Manhattan fortress that is the Federal Reserve Bank of New York, desperately trying to stave off disaster. As the group, led by Treasury Secretary Henry Paulson Jr., pondered the collapse of one of the oldest U.S. investment banks, Lehman Brothers, a more dangerous threat emerged: American International Group, the world's largest insurer, was teetering. AIG needed billions of dollars to right itself and had suddenly begged for help.

Dow Falls and Dollar Declines as Lawmakers Defeat Rescue Plan
The dollar declined broadly Monday after the U.S. House of Representatives defeated a $700 billion Wall Street rescue plan and stock markets tumbled. The Dow Jones Industrial Average dropped more than 600 points as the votes were being tallied, but has since recovered some and was down 571 points in recent trade.

Parents Saving Less for Kids' College Education
Parents are saving less for their children's college education this year than last year, and more people have saved nothing at all, according to the survey by the Washington-based College Savings Foundation. Estimating that tuition and board will increase 5 percent annually, the projected cost of college in 15 years will be more than $100,000 for a four-year public college and more than $200,000 for a private college. The nonprofit foundation has suggested some potential solutions for parents faced with the shock-and-awe of such crushing numbers.

Mitsubishi to Acquire 21 Percent in Morgan Stanley
Japan's Mitsubishi UFJ Financial Group will acquire a 21-per-cent stake in Morgan Stanley as the financial crisis has hurt confidence in US banks and hampered liquidity, the firms announced Monday.

Citigroup Buys Wachovia
US banking giant Citigroup Inc will buy the bulk of the operations of fourth-largest bank Wachovia Corp, the latest consolidation move under government watch in the ongoing credit crisis.

HispanTelligence Research
Hispanic Economy in Transition Cover Art
Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S. Hispanic purchasing power has rapidly increased. This report takes an in depth look at how today's Hispanic Economy is transitioning into an economic power in the U.S. Click here for the executive summary and table of contents!

Hispanic-Owned Businesses: Growth Projections to 2012
The number of Hispanic-owned businesses in the United States is expected to grow 41.8 percent in the next six years to 4.3 million, with total revenues surging 39 percent to more than $539 billion, according to new estimates by HispanTelligence. Spurred by growing entrepreneurial trends and affluence among the nation's largest minority population, the increase is expected to come at a robust rate of 8.5 and 8.7 percent, respectfully, over the next couple years.

Purchase the 2007 Hispanic Business 500 Directory
For more than two decades, the annual Hispanic Business 500 directory has served as a barometer of the U.S. Hispanic economy. A purchase of the 2007 directory provides the top 500 Hispanic-owned companies list in Excel format including: CEO names; company addresses and telephone numbers; e-mail addresses for 375 companies and Web addresses for 430 companies; and company revenue and employees numbers for 2005 and 2006.

From the current issue of Hispanic Business magazine...
40 Years of Celebration: Highlights Taking Place During Hispanic Heritage Month
Hispanic Heritage Month marks a special opportunity to highlight the rich culture and history of Hispanics in the United States, which many organizations do through concerts, festivals, exhibits, lectures, parties and ceremonies recognizing the outstanding achievements of business and community leaders. Here are some highlights of the month's festivities.

More Companies Embrace Diversity While Battle Over Talent Begins
Competition for the Diversity Elite 60 list was stiff this year. The point spread on which our research division's rankings are based showed that the gap between first place and 60th was closer than ever before. It's a sign that corporations are continuing to grow their diversity programs as understanding increases about the importance of workplace multiculturalism.

Top Universities Strive for 'Critical Mass'
Even as U.S. Hispanics fight to gain access to academia, universities and colleges are being challenged to reach out to the Hispanic community to achieve their diversity goals. Some of these schools have higher goals than others. To some, achieving diversity is about more than talk, it is about taking action. Some are aggressive, creative, and highly successful in their outreach to Hispanics. Each year, we celebrate these schools and their mission in our September issue. These are among the most progressive and laudable institutions of higher learning in the world.

2008 Diversity Champion: AT&T Rings Up First Place Finish
Even as an increasing number of companies throughout the U.S. are recognizing that diversity is critical to increasing profits, one company has already reached out and excelled at it. This year AT&T heads the 2008 Hispanic Business Diversity Elite, a list of the nation's top 60 companies as measured in terms of best practices in the overall field of diversity and inclusion.






You are subscribed as #EMAIL#
To UNSUBSCRIBE or manage your subscription options, go to
http://email.hbinc.com/email/

Please feel free to forward this newsletter

Send any comments or questions to: news@hbinc.com

Hispanic Business, Inc.
425 Pine Avenue
Santa Barbara, CA 93117